OverviewThe powersports market will witness a healthy growth from 2018 to 2023, a research report suggests. Growing at a CAGR of 5.65%, the market is projected to reach US$24,205,708.9 thousand by 2023. Continuous global economic development is expected to support the market growth along with rising consumer spending. As predicted by analysts, expensive licensing will negatively affect the market’s performance from 2018 to 2023. During the forecast period, the market will be supported by expanding urban population and developing demand for restoration for boats.Powersports Market Research Methodologies The analysts of the Powersports Market adopt advanced decision science approaches to identify current growth avenues and quantify them according to various segments
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